Mexican Peso Faces Steepest Drop Since 2008

Mexico's peso tumbles 23% in 2023 to 20.82 per USD, marking the deepest decline since the 2008 financial crisis. Discover the factors behind this drop.

A visually compelling image of a Mexican peso coin against a backdrop of fluctuating currency charts
Mexican Peso Faces Steepest Drop Since 2008

Mexico's peso weakened nearly 23% this year, closing at 20.82 pesos per U.S. dollar, marking the deepest drop since the 2008 global financial crisis.

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